Mason : SUPPLEMENTAL ANNOUNCEMENT RESIGNATION OF EXECUTIVE DIRECTOR AND CHIEF OPERATING OFFICER AND CHANGE OF COMPOSITION OF REMUNERATION COMMITTEE

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M A S O N G R O U P H O L D I N G S L I M I T E D

茂 宸 集 團 控 股 有 限 公 司

(Incorporated in Hong Kong with limited liability)

(Stock code: 273)

SUPPLEMENTAL ANNOUNCEMENT

RESIGNATION OF EXECUTIVE DIRECTOR AND

CHIEF OPERATING OFFICER

AND

CHANGE OF COMPOSITION OF REMUNERATION COMMITTEE

Reference is made to the announcement of Mason Group Holdings Limited (the "Company") dated 1 November 2019 (the "Announcement") in relation, initially, to the resignation of executive director, chief operating officer and member of remuneration committee. Terms defined in the Announcement are used in this a nnouncement with those defined meanings unless the context requires otherwise.

RESIGNATION OF EXECUTIVE DIRECTOR AND CHIEF OPERATING OFFICER

The Board announced that Mr. Chang has tendered his resignation as an executive Director and the Chief Operating Officer of the Company with effect from 12 January 2020 so as to pursue his own businesses and he will be devotin g his time to his businesses.

Mr. Chang has confirmed that he has no disagreement with the Board and there are no other matters that need to be brought to the attention of the shareholders of the Company or The Stock Exchange of Hong Kong Limited (the "Stock Exchange") in relation to his resignation. The Company also confirms that the Company has no disagreement with Mr. Chang and there are no other matters that need to be brought to the attention of the shareholders of the Company or the Stock Exchange in relation to Mr. Chang's resignation. The Board considers that there are no negative impacts to the Company's operation in relation to Mr. Chang's resignation.

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CHANGE OF COMPOSITION OF REMUNERATION COMMITTEE

The Board announces that following the resignation of Mr. Chang as an executive Director, Mr. Chang will cease to be a member of the remuneration committee of the Company (the "Remuneration Committee") with effect from 12 January 2020 and thereafter, the Remuneration Committee will comprise four members, namely Mr. Wang Cong as chairman, Ms. Hui Mei Mei, Carol, Mr. Tian Ren Can and Mr. Chen Wai Chung, Edmund.

By Order of the Board

Mason Group Holdings Limited

Ko Po Ming

Chairman and Chief Executive Officer

Hong Kong, 10 December 2019

As at the date of this announcement, the Board comprises:

Executive Directors:

Mr. Ko Po Ming (Chairman and Chief Executive Officer)

Mr. Chang Tat Joel

Ms. Lui Choi Yiu, Angela

Ms. Fu Yau Ching, Shirley

Mr. Cao Lu

Non-executive Director:

Ms. Hui Mei Mei, Carol

Independent Non-executive Directors:

Mr. Tian Ren Can

Mr. Chen Wai Chung, Edmund

Mr. Wang Cong

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